Two Bored Apes - NFT Podcast

Episode 21 - Nike RTFKT, Fxhash, and Dragon Ball Z

December 18, 2021 Two Bored Apes
Two Bored Apes - NFT Podcast
Episode 21 - Nike RTFKT, Fxhash, and Dragon Ball Z
Show Notes Transcript

On Episode 21 of Two Bored Apes, Jaime and Roy discuss the acquisition of RTFKT by Nike which leads to a lengthy discussion about royalties. They ruminate on the play to earn game announced by the BAYC and what that might mean for the ecosystem, quickly touch on some Art Blocks projects and then spend a good amount of time talking about a new generative art platform on the Tezos network: Fxhash. As usual the end by discussing their own projects.

TIMESTAMPS

1:06 News of the Week
29:48 Bored Apes Yacht Club
49:55 Art Blocks
1:17:19 Our Projects

SHOW NOTES

Nike Acquires RTFKT
Manifold Royalty Registry
BAYC - Blockchain NFT Game Announcement

Art Blocks - Vortex by Jen Stark
Art Blocks - The Wrapture by Dmitri Cherniak

Fxhash - Generative Art on Tezos

Jaime's Abstract of the Day Project
ZenAcademy Discord Server

Jaime's Twitter
Roy's Twitter

Jamie:

The hosts of Two Bored Apes are not registered investment advisors. The podcast is for entertainment and informational purposes only. Nothing said on it should be construed as investment advice. On this week's episode of Two Bored Apes, we talked about the upcoming play to earn Bored Ape Yatch Club game. We talked about the vortex and rapture drops in the artblocks, we get into another generative art project called FX hash over on the tezos blockchain, and then we give updates on our own projects.

Intro:

Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh

Jamie:

Welcome to Episode 21 of Two Bored Apes I'm your host Jaime and I'm with my friend Roy. Roy how are you doing?

Roy:

I'm doing very well. Jamie's talking very quickly and i'm too now. Because just before recording, yeah, we got like, we're gonna record news of the week in this segment. And then we all have things to do and then we will come back. News of the weeeeeek. I think the big news is still Nike, you know,

Jamie:

Nike buying artifacts for Yeah, news, to me is massive news. Massive news. Nike is a huge company that is like, at the very top of their their business segment. And them validating NFTs is is a huge deal. Now, there is a lot of relevant stuff about how they're doing sort of more traditional web 2.0 type things in the space and aren't being totally web three native, if you will, for instance, the royalty thing? I assume you saw that? Yes. Yeah. So traditionally, with NFT's you have a royalty in place. And then when the NFT's are transacted on one of the big marketplaces that royalty percent will go to the creator of the NFT's. But there's various sites like NFT trader and pseudo swap and stuff like that, that allow people to swap NFT's with each other, not necessarily buy but swapping. And then that transfer will get around the royalty fee. And basically, within the terms of service for the new artifact drop, which is now a Nike drop. You are not allowed to do that. You can literally still do it, but you're basically breaking their terms of service, and they can come after you or whatever, if you do.

Roy:

Yeah, they say like if you transfer private sale, no, whatever, you must pay the transfer fee to artifact, which is 5%. And it's like, but where do we send it to? Like, do you have an email address? How do we even do that? And it is very much against the ethos of web three. Kind of kind of like kind of

Jamie:

interesting, because yeah, you know, part of what I explained to a lot of people when I'm trying to convince them of the validity of it is the royalty Yeah, exactly. Um, but the other thing is that it's sort of, you know, when you're talking about decentralization, to me, it's all about choice and about no forced bottlenecks of transactions and stuff like that. Because like a lot of people in general, I'm getting slightly off topic here. But on Twitter will like complain about how open see is centralized. And this is not what web three is supposed to be. And I basically disagree all the time with people talking like that. Because to my mind, the idea of web 3.0 Isn't that every single thing is totally decentralized. It's that none of the centralized entities are so powerful that you have to use them. And to me, that's sort of what decentralization means. Not not that every participant is totally decentralized.

Roy:

Yeah, no, I agree with that. Sort of on the royalty note, it is interesting how so many of us, myself included, will often say, you know, one of the best things about NFT's is that artists can create a work and then they receive royalties. But technically speaking on the smart contract level, you cannot code royalties into a smart contract. So the way it basically has worked and still works is that all these marketplaces just sort of agree, like we will honor the royalty that the owners set and then

Jamie:

I think it's encoded in a little but it's just it's there's always a way to get around it.

Roy:

Yeah, basically that it you can't hard code it in basically. So now there have been a couple of at least one initiative by manifold who's like a web three company to create this royalty registry and bake into like the standard contracts for NFT's. This like piece of code that will allow any money marketplace to just refer to to find out what the royalty is at a contract level. Yes, it is still on the marketplace to honor it. But it's sort of like, again, it's a community consensus thing. And you know, they collaborated with open sea foundation if the gateway reparable, super, and they're all in agreement saying, hey, yes, we support this type of contract this amendment. And yeah, it's, but it is just interesting how, you know, we all talk about, hey, if you release an art an NFA, as an artist, you can get royalties for life forever, I guess, in perpetuity, where in theoretically, that's not actually true.

Jamie:

Yeah, I mean, it's, it is interesting, I assume that Coinbase is going to kind of just fall in the same footsteps in terms of using whatever basically open sea has been using and what people have been kind of regulating on their end. But it is interesting to think about whether or not in the future, sort of everybody will just always want to go around these, or if it'll possibly go in the other direction, and it'll be extremely frowned upon to avoid them. I, I kind of don't see that happening for the high value ones, because people are just so into their own money versus ethics or whatever that yeah, you know, even if, even if ostensibly part of the deal of having this NFT from that project is that we're we're essentially agreeing, hey, when we transact these two and a half percent of the royalty is going to the creators, you know, if those become too valuable, people are just not that interested in spending $17,000 Extra in their transactions, which is understandable, maybe, but disappointing.

Roy:

Yeah. I mean, I think that it's, yeah, I mean, I can see situations where people might even negotiate with the original artists and say, hey, you know, your work is appreciated so much. 17,000%, dollar royalty for trading it 10 years after it's created, it seems excessive. We're willing to give you 10,000 or something. And I guess at that point, I mean, again, the artist has no say ultimately, because they can just transfer it right.

Jamie:

You say negotiation? Yeah, all the cards are in the hands of the person buying. And it's also interesting

Roy:

to think about what it will look like inside 100 years, like when it's no longer the original artists, it's like their estate, or maybe they've turned into a giant, decentralized Dow organization. And it's like, well, do we really want to give web three Disney two and a half percent or 5% or 10%? On this, you know, this ancient? This historical NFT that we bought in the cell TV?

Jamie:

Yeah, Marvel drop? Exactly. 21. Yeah, that's interesting. I also wonder, the idea you saying about negotiating with them, I wonder if creators could start kind of planning that stuff ahead of time. So like, for instance, it seems like now snow froze royalties, he's somewhat committed, seemingly, to kind of consistently putting a lot of this Squibbles secondary sales into charities. I wonder if you could do sort of a plan to head sliding scale where, you know, once I've, I've collected$100,000 in royalties, I'm going to chop the royalty in half, once I've collected a half 1,000,075% of the future ones are going to go to charity or or do anything?

Roy:

Yeah. I think we're gonna do more. Yeah, yeah,

Jamie:

I think we are as well. There's, um, but what do you want to get back on topic? And just

Roy:

No, I want to I want to talk about this a little bit more. Because I remember Dimitri Tretiak, who was the the artist that created ringers and other collections and artblocks and off our blocks, he floated an idea he came up with an idea, which I thought was very interesting, but perhaps technically difficult to implement, which was in an effort to sort of dissuade flippers, like, during the time artblocks was going absolutely bonkers. And a lot of the mints we get into the hands of flip of hands of flippers and bots, to have the royalty just scaled like from a very, very high percent initially down much lower than what the standard is. So instead of, I think it's like a flat seven and a half. So 5% of the artists who an opposite oversee do an awesome job looks at 10% of the sale. Um, if you can figure out a way to make it say, even at 90% You know, day one, and then at the end of year, it's like 2%, or something. 1%. Yeah,

Jamie:

that's very interesting. It's weird, though, because ostensibly the, I mean, the mechanics are very different, but ostensibly the Dutch auction should have stopped that but I guess you still have people that couldn't participate in the Dutch auction because they weren't there or something.

Roy:

Yeah, and also the, the actual mechanics of the duck dodge auction is still not ideal because they like these layered steps where every five minutes it drops. So everyone is sorted. Waiting till everyone else starts minting and then it's like, which level of password still? Yeah, there's still a bit of a gas will. And it's like this. Yeah. Anyway. Yeah. All right, let's get back on topic.

Jamie:

Okay. Do you want to talk about? Okay, you want to keep talking about that, because there's also the Adidas thing we were finally getting that added us thing added different pronunciations for different folks. But yeah, we saw that they were getting into the space and kind of seemingly partnering with the right people doing it the right way. But we didn't really know what their endgame was. And now we have, I guess, a very clear idea of what at least the beginning of their endgame is because this is this is not the end. But the beginning. But but we do know about their NFT drop now.

Roy:

Yeah, I mean, I barely know about I heard about it briefly today. Do you know more than can tell me and the listeners,

Jamie:

maybe what I know is that it's going to be point two ether. It's tomorrow. And there's going to be a basically early sale for owners of pixel ball NFTS and Bored Ape and meet an ape NFTs is my understanding. And the NFT itself is basically going to give you exclusive access to various drops of actual Adidas product. That's my understanding of it.

Roy:

Interesting. Well as a ape, and pixel ball holder, I guess that's exciting.

Jamie:

Yeah, I'm not sure how much I like. I've talked about this before a little bit, but maybe I can't really remember talking about it much on the podcast. But I'm not crazy in general about the idea of buying NFT's and that NFT just gives you the opportunity to spend more money on future things, which it kind of sounds like this is now obviously, if people desperately want these things, the value could very well be more than point two ether for it. But as an overall thing, it's not super exciting to me.

Roy:

Yeah. Um, I also don't love that concept in general. But again, when demand is high enough, it it seems somewhat justified, understandable, appropriate, manageable.

Jamie:

Interesting. Yeah, whatever. Yeah, like the other thing is, I've thought about this a little bit with just the board eight merchant general and how it's all so valuable. Like, I don't think that I can actually capture that value. Because I don't foresee me, I'm not gonna buy stuff. Not, not unpackage it and then just like, I'm not, I'm not a merch reseller. I'm not I'm not gonna ever be doing the eBay grind like that. So a lot of that true value is just something that I will never capture. Yeah. And so in the same vein, I don't see how I could actually get value out of the added gas or do this in a real way, other than actually just reselling it to somebody who is willing to do that work, or who wants to be the the final owner of the actual Adidas drops?

Roy:

Yeah, I mean, that that would probably be my approach would be to, to mint polled and then presume hope it would appreciate and value like, we're still again, so so early, that there are so many people that love out at us that love merch that love, you know, Nike, and just like getting being in their ecosystem in 2021, it just has to pay dividends, I think in the future, like these giant companies. And this is like, just getting into the ground floor of their web three ecosystem, basically.

Jamie:

Yeah, it's interesting. You're you're seeing sort of a lot of our I'm seeing a lot of fairly lively debates on Twitter, where people are saying, you know, I'm talking more specifically about the Nike one now, since it was a full acquisition in that, you know, artifact, theoretically, before Nike was trying to drive value to the NFT's. Or at least that's what you know, the holders of entities and all these projects are hoping that the people running the project are trying to do is try to drive value to the NFT. And now these people are saying are some of the people are saying I should say that, you know, NFT's fiduciary duty is to the shareholders. And they're not going to be trying anymore to drive value to then if T holders but possibly extract it to the benefit of the Nike holders. And then you have other people are saying no, no, no, the whole the reason that web three works is because now those incentives are aligned. And they're driving value to To the NFT's, or the shareholders will be a mutually beneficial situation. Do you do you have an opinion on that kind of debate or spectrum?

Roy:

No, it's very interesting. I hadn't seen this, this debate on Twitter or at all before. So this is the first time hearing of it, it is super interesting to think about, and

Jamie:

it seems to me like the interests are somewhat aligned, but but certainly not perfectly.

Roy:

Yeah, definitely not perfectly. It also doesn't seem like they can both win, like a win win situation. Yeah.

Jamie:

So I was never into Top Shot, cuz immediately, to me, the concept seemed like one, we're just you're always gonna get flooded with supply, these sort of more traditionally, based things, you know, in that case, to me, it was very much like, collectible cards, sports cards, even though you know, it's, it's sort of a web three company, dapper labs, and they're their moments that are animated, rather than just static cards, I still thought they're just gonna flood the supply. And that's not going to be valuable for the individual holders. And I, I wonder how much you're going to be able to find all of these brands coming into the NFT space in a big way, having any respect for the concept of digital scarcity. Rather than just going we want to sell more, we want to sell more, we want to sell more, and then that in and of itself, making the individual NFT holders values. Not good. Because because they're just getting flooded with more and more supply. Whereas, you know, these very web three native ones, I guess, like maybe with the exception of Pixal vault, because they keep adding new stuff, are really not adding a lot more NFT's to their project, or if they are, it's very spaced out and thought out, whereas I could very well see. Nike, for instance, just dropping more and more and more new stuff, to the point where none of it is exclusive or special in any real way. Yeah, I think that's about as long as they're selling why, like, why are they not gonna? Yeah, yeah.

Roy:

It'll be very interesting to track and follow over the next year plus. And I can definitely envision a scenario where it's, like, amazing for those in the NFC community for the next one year to year. But then as time goes on, as it just like, their presence gets bigger. And as they become more of a, a web three company, as well as a traditional company, still beholden to their shareholders, like sentiment starts to shift and and people start rallying against them. Yeah, I, yeah, I guess we should try and support the real the web three native projects and platforms that are not beholden to shareholders that are more decentralized, I wouldn't say fully decentralized, because most of them are not, but more decentralized. And you know, there are tons of people and projects building really cool things that will be able to compete, I mean, presumably, against Nike, and, and these other brands that are entering the space in a more native way. And I don't know, it'll be an interesting year 2022.

Jamie:

Yeah, so I'm looking at some numbers of Nikes. Just to get a frame of reference for how much or little they might care about the the amount of money you can raise from like a single NFT drop in 2021, their net income was $5.7 billion net income. So I just don't know how interested they're necessarily going to be in making sure that clone X values stay high. So that way, they can try to get two and a half or 5%. Royalties in perpetuity, versus just trying to drop more and more projects at you that raise them 10s of millions of dollars each year. And I mean, it just seems like there's there's no amount of value that there one existing NFT drop could be that the royalty sales in perpetuity, are going to make even the smallest dent in Nikes numbers and I can't imagine they're actually buying this to not make a dent in their numbers so that I think they have much bigger plans and it'll be sort of interesting. You know, because when when we've talked about, like giant liquidity sucks out of the NFT marketplace, like the mute and drop, or the planets from pixel vault drop, or like when a Pax drops, were like $100 million in liquidity is leaving it. And you're talking about companies coming in that are making, you know, multiple billions per year and are hoping to increase that by 5% or 10%. Or in the long run, you know, 25 50% via getting into the web three space. That's, that's a lot of money that they're gonna have to pull out.

Roy:

Yeah, but it's like, they're also bringing money into the space like, a lot of the professor's fans, etc. It's just,

Jamie:

yeah, that's how we grow the pie. And what, what percentage of the pie? Are they going to get?

Roy:

Yeah, it's going to be such a different world in a year, in two years, five years, I think we're going to see a lot more downs in 2022 and 2023, sort of form, and basically take on these corporations and like I saw something today, or yesterday about how someone's creating links down to buy one of like, the top 100. Yeah, golf courses in the US. That's cool. Like, we saw what happened with the Constitution, Dow they raised 50 million in five days, and then on secondary people typed in and took the market cap up to like 300 million, I think at its peak, that is so much money that can do so much. And in five days, or in a month or whatever, if you you know, rally people around a well structured Dow with aligned incentives and say, Hey, we want to, you know, do this that the other by this massive cooperation create, you know, it can happen in the power, can I get back to the people out of the people as pack em would say,

Jamie:

Yeah, I actually also saw on Twitter today pixel vault, in conjunction with some other people is, it looks like buying a sports team. I don't know if you saw

Roy:

that. I very briefly did see something about that. That's just

Jamie:

something that we've talked about happening that we're like, Sure would happen eventually. Yes, like it's starting to happen.

Roy:

Do you know any details about the sports

Jamie:

team? Not off the top of my head? I can't remember I also saw the Bitcoin guy. I don't know if you saw that. He's buying a very lowly ranked football slash soccer team. And his goal is to make it a Premier League team. And he had kind of an interesting tweet thread actually about how he was planning on doing it. But basically, it sort of all boiled down to mobilizing the Bitcoin community to where when

Roy:

you said the Bitcoin guy that's very vague, who's the Bitcoin guy?

Jamie:

Easy He's like one of the four guys that is one of the Bitcoin he's got like a beard. I'm so out of the Bitcoin community that I can't Peter maybe if I had to guess, not Peter Schiff, the guy that Hey, Michael Sayla No, definitely not Michael Saylor. He's one of the two whose names anyway, yeah, it sounded kind of sting though.

Roy:

Peter Schiff. Is that it?

Jamie:

No, I just said not Peter Schiff, the guy that's holding it.

Roy:

Okay. She's young. I know. All right.

Jamie:

I'll actually pull it off on Twitter right now, because I'm sure I can find it quick.

Roy:

Yeah, you know, it is really interesting. I'm looking at this pixel volt news now. US group eyes English soccer club. So it's gonna be an English class.

Jamie:

I was the guy's name.

Roy:

I barely recognize that name. I'm

Jamie:

sure 431,000 followers on Twitter. And he's just he's kind of one of the main sort of just Bitcoin proponents that that is really out there, I guess. Or at least a one of the three i person I perceive it that way. I don't actually follow Bitcoin, enough to say that with authority, but it that's how I see him. Yeah.

Roy:

So it seems like pixel vault is investing in an English Football Club alongside some other investors. So it's not like they're buying it themselves. But the part of a REIT, they were one of one of them. Yeah. Yeah. Which is a step in that awesome cool direction. Yeah, 2022 is going to be wild.

Jamie:

It really is.

Roy:

It's coming soon as well. We're like, very user was over. Yeah. Yeah. I'm

Jamie:

gonna have to start making new year's resolutions soon.

Roy:

Yeah, me too. Oh, yeah.

Jamie:

Yeah, I want to go back just a little bit more to the idea of like, what Adidas is doing with it, and what these companies could do with it. Like you see, or you've seen a lot of these. Like Box companies where basically is a subscription box where once a month, you're getting whatever, depending on what the company is, but I could definitely see that sort of thing. being super valuable as an NFT. And then, you know, it's not a subscription that you have, and then you cancel it, but it's an NFT that you own. And then when you don't want it anymore, you can sell it and actually get the value from it. Yeah. And there's could just be basically a piece of metadata on it, where you actually put your shipping address, so that way, it's easy for them to just instantly start sending to the new recipient. Yeah, that kind of thing would be much more interesting to me than just sort of having drops that are gated behind the NFT. Yeah, it feels less, like a, just an additional layer of payment that they're extracting out of you. And more like a real use case. That is better than how it used to be.

Roy:

Yeah, I mean, we sort of saw that, with we've seen that with NFT's which you get monthly drops for other NFT's like house Akiba being the first I think, first one to do that without like, $500. And you will get lifetime monthly airdrops and, you know, it's, it's cool, it becomes so much more cool when you incorporate the physical element real goods. Yeah, I think we're gonna see tons that in the future, and we're gonna see, like NFT a big use case that I'm sure is going to happen sooner rather than later is like NFT membership cards for like, like loyalty cards via local coffee shop or whatever. Where, you know, normally currently you get like one of these cards or a nappy like buy a coffees get one free, something like that. Or you can buy a membership and get like a 5% discount, you know, it just is perfectly suited for NFT's to enter that space. And then the value of these loyalty cards can probably go up the more that you the more that you spend there, the better the discount that or all of that. And then when you leave, you can sell it to someone else moving in, or it comes with the the apartment or something.

Jamie:

Yeah, um, I had something else to say. And then I got slightly distracted in my brain.

Roy:

Lifetime airdrops. How's the Kiba? Oh, yeah. So

Jamie:

one of our friends had brought up the idea of basically have a restaurant that is it sells NFTs and the only way to actually go to almost like a timeshare situation. But with NFTs. And you know, the NFT entitles you to maybe five meals there per year or whatever you could, you could structure it basically any way you want. Based on the number of seats, and then the number of NFT's you drop, but but it just seems like that kind of thing. And you know, the thing you're saying with the coffee, or what I was saying with, with various clothing brands, it's a really interesting way for companies to be able to raise money immediately, and then only have to actually pay out the goods and services over time. But it's also a nice thing for the consumer, in that you can kind of have a plan going forward. For instance, as far as you know, budgeting for coffee or budgeting for clothing. You know, when you have the money, you could you could grab the NFT, then that allows you this sort of perpetual access, and then you don't have to really budget for it in the future. And if your financial situation changes, you can always just sell it.

Roy:

Yeah. NFT is really just like this global Kickstarter, that unlocks where instead of the the rewards being you get a board game, or you get this prototype of a product, you you just have this NFT which is resellable and has real value assuming the company that you're funding, and the owner doesn't love it is so

Jamie:

public and track Yeah, that it's they're very easy to interact with, and, and all of that stuff in a really game changing way that people don't really grasp.

Roy:

Yeah, I had a Carmen, I mentioned this on the podcasts or not before, but I had someone who was interested in joining the 333 Club, and because he is a dentist and he wants to launch an NFT which basically he was like, well, I could give you know, I could sell it to the people that want the teeth cleaned. I can get free teeth cleaning, you know, once every three months or six months. And then I was like, Hey, this is really cool idea. But like the amount of people that live within like a 30 minute drive from your practice, you have to know what it Yeah, it doesn't seem like it's feasible or practical right now. But it's a cool idea. And I can definitely see it in like a year or two when when there's more mainstream adoption and everyone just has an app on their phone that interacts with NFT's to say hey, yeah, this is a cool idea. This doesn't doesn't make a lot of sense. Yeah, for sure. Any other news?

Jamie:

There probably is, but those are the big ones that we wanted to lean into. All right. News of the Week. Boy, a yacht club. Right. What's What's there to talk about in the board API club.

Roy:

There is a plate earn game coming out. That's big.

Jamie:

Yes, Blockchain games We saw it on roadmap 2.0. But we have more information about it now. We know that yoga Labs is partnering with Animoca brands to create it. What else did we learn?

Roy:

That's about it? I mean, it's sort of there had been a lot of speculation about what the blockchain game might be or entail or look like. And all what the token that they had mentioned that they were looking to introduce in q1 2022 would like what sort of utility there would be, and you had kept, you'd mentioned several times that you think that the most likely scenario is that it will integrate with the blockchain game. And I think this is sort of almost validation that that is going to happen.

Jamie:

Yeah. So in the press release, they said the new game is expected to release in q2, of 2022. And will feature play to earn mechanics. As far as specifics, that's about all we got.

Roy:

Yeah, but it's Yeah, it definitely would make sense to, you know, presume that q1, token comes out q2, play their own game, it's probably going to use the token.

Jamie:

Right? Did you had you known of Animoca brands before this? I didn't know that name. But looking at them, they have a lot of relevance in the space. So I kind of wish I had already known.

Roy:

Yeah, no, I did not know them. Either. The Sandbox

Jamie:

is just is a subsidiary of them entirely, which is

Roy:

sandbox is huge,

Jamie:

right? Sure. They also have a bunch of other stuff. But sandbox might be the most notable to us.

Roy:

Absolutely. Yeah, I mean, it's a very legit partnership. Of course. It's exciting. I mean, q2, that is, especially like three and a half to six and a half months away. It's not that long away. And

Jamie:

that's some good math, their ROI. Thank you.

Roy:

The, and the token that's like, zero and a

Jamie:

zero and a half. By the way, it's not how you say,

Roy:

zero and a half.

Jamie:

Let's not spend

Roy:

it is now let's change the narrative. Change the I'm not gonna do this again, I forget.

Jamie:

It's interesting. If I'm looking at the image that they also released with the press release, and it's like a mechanical hand holding a seemingly mechanical banana, with some like electricity rippling off of it in in the roadmap. 2.0 There's so much stuff. That's mech related. Yeah. And yet, none of the NFT's are mech related. It's interesting how much seemingly it's going to play a part in, in the storytelling, the roadmap 2.0, when previously they had not been involved at all, except for I guess, like a couple of the bots that that have, like death bot trait and stuff like that. Yeah,

Roy:

that there's a little bit of very well, it seems

Jamie:

like such a huge part of roadmap 2.0.

Roy:

Yeah. So yeah, I mean, it's anyone's guess how it's gonna, it does seem likely now that I mean, there is this theme that's been going through their announcements in the teasers about something mech related. So it'll be interesting to see what they do, maybe. I mean, this, you can do so many things with NFTs, they can say release a new thing, where you can upgrade your NFT's to be like wearing mech suits or something. It's possibilities endless. Like, yeah, maybe that's one of the use cases of the token, you know, you can buy a mech suit for your ape.

Jamie:

Very possible, but it seems to me more like it's a separate thing like these mech, like from the illustrations, it doesn't appear as though it's like mech armor that goes it seems almost like a separate, like, like the Yacht Club is getting invaded by Mexico.

Roy:

Yeah, yeah. I mean, it also makes sense. But like in this image again, the backhand is like grasping the banana and the bananas, like representing the body of your club is like, the mechs of the enemies. I guess the Yeah, villains in this story, and the apes have to defend the club the earth the metaverse, man. It's so exciting. I mean, nothing but a yacht club. Just the law for the metaverse that's unfolding and going to continue on folders.

Jamie:

I'm looking at roadmap 2.0. Right now again, and the MD versus MMI thing it is showing, it's showing an arm and a fist. But this one actually does have like fur on the top side of the forearm, but then mech on the bottom side. So that's that's almost contrasting to what I was just saying. Yeah, I guess we'll have to wait and see it's yeah, we will have to wait and see.

Roy:

Yeah, I'm looking at roadmap 3.0. Now it's so exciting. It's

Jamie:

it is what have we done so far? Like 1.5 things basically we had eight Fest and then almost had the competition. I guess it says not listed collabs I assume Adidas was already in the works. And that was part of that. But, um, yeah, or collabs partnerships. I don't know if that counts as a collab or a partnership. I think it's a collab. Somebody on Twitter was actually explained to me the difference between those. Yeah, I mean, um, but it seems like a collab not a partnership.

Roy:

I would agree. If I had to pick between the two. It's gonna be it's gonna be an exciting year for the body of your club for the

Jamie:

I'm also realizing I kind of in my brain put 2022 as sort of an end of art not an end, let me say, roadmap 2.0 would be finished, essentially, by the end of the year, but I guess I kind of just made that up. They never said anything about that, like the clubhouse or or the Dow or the trays or hunt none of that specifically has to be done by the end of next year. No, but I guess I've always been operating under the assumption that it would be

Roy:

I mean, I could definitely see the the clubhouse taking longer than next year to be finished. Same with the Dow. I guess the Dow it's such a complicated thing that you can't undo really, like if you if you launch the doubt, you want to make sure that you've got it 100% Right from the get go. Because, yeah, it's sort of like saying with a token, like releasing a token can it can just really screw up so much in the ecosystem and introduces this element of chaos, where even more is then going to be outside of the control of the of UGA labs. And even out of the hands of the NFT holders to an extent if they don't do it correctly, I'm sure that they will. But it just out is adds this in a mad I can't speak lately. It introduces this added element of uncertainty which again, yeah, take what

Jamie:

do you mean by getting out of the control of Hugo labs? And and even of the individual owners? I don't really know what you mean. You just mean in the in the way that coins sometimes get gamified and blown up in value or something?

Roy:

Partially? Yeah. And so I mean, theoretically suck like, a someone. Some institution again, could come in Look, we've spoken before about how ERC 20 tokens, they fungible, you know, if you don't want to sell your, your ape, you don't have to, but I can see a lot of ape selling their token just to recoup some of this value that they've had locked in there for so long. And all of a sudden, you know, 123 Whales institutions could just hold a ton of the byc token. And so maybe, you know, if it's a governance token in the Dow, that's problematic, potentially, etc, etc. Right? Yeah. Yeah. It just adds this layer of complexity. And I'm, yeah, I mean, I do think that we'll probably see the doubt next year. But I wouldn't be shocked if it gets extended. And I mean, it says 2035 for the sandbox Miami thing, which is, that's just a crazy, crazy date in the future.

Jamie:

Yes, but I mean, I'm sort of on the record as saying I think that's sort of a ambitious assumption of what the real Miami could be like in 2035. Their goal is to to have that in Sandbox much earlier. That was sort of how I interpreted that. But anyway, what do you by any chance? No, the the like market cap of the big xe tokens, I guess there's a two of them access and SLP. No, but I'm trying to get a frame of reference for what a plate earn coin could be worth.

Roy:

So the market cap of x s is 20. Is 6 billion, sorry, fully diluted is 26 billion, and SLP. Is 100 million. Yeah. Okay. So six to 10 billion. Why SLP has really tanked and it's still thinking. That's a yeah, not not great to see.

Jamie:

Do you have any axes? I think I remember you are closer than me to get into it at one point.

Roy:

Yeah, I've gotten decently close at two different points to getting in. But it just never seemed worth

Jamie:

it seems like it's getting harder and harder for the low level players to sustain any sort of realistic income off of it.

Roy:

Yeah, it just seems like it's getting more competitive and profit margins getting slimmer. And there's a few games that are coming out that a competition.

Jamie:

Yeah, in like sort of a traditional financial game theory sense. The the poor players that are trying to grind it out, are stuck between basically the XE team, I can't remember if they have a name for the company, and then like the sort of rich people that are farming out their NFT's to him, it just seems so easy for them to get squeezed to the point that they're Not it's not even worth it for them anymore.

Roy:

Yeah, it's definitely a concern with with every player on game, creating a sustainable long term ecosystem. It seems acces is somewhat predicated on new players entering the game, and adding just money to the ecosystem, which, like money just did just doesn't come out of thin air. And if these people are playing to earn and, you know, withdrawing money from the ecosystem, it needs your money and revenue needs to be added somehow. And it seems like xe worked and still works excellently when that's there and when there's a lot of hype on it when new people joining but when it's less rosy and bullish, yeah, it I guess the, the amount you can earn goes down. And if especially in the case of, you know, some people in whether it's Philippines or whatever nation where the cost of living is low, and they have become Axi players to fund their lifestyles, if they're basing it on, you know, the incomes, they were earning June, July, August, September this year. kind of hoping slash expecting to be able to do that for a year, two years, five years, 10 years, it's, you know, that doesn't seem like that's going to be the case. And it can cause all sorts of issues.

Jamie:

Yeah, there's just there's a lot of ways for those individuals to basically get robbed or the equivalent of getting robbed, you know, in terms of their ability to earn.

Roy:

Alright, so for the body of your club news, we also had an a list that someone swept the blue eight floor. I think that happened yesterday.

Jamie:

Blue Apron. Yeah, it was basically like overnight.

Roy:

And I heard that is about$2 million worth and let me try and look up see how many they actually bought. There was speculation that it was something to do with added us

Jamie:

well, it is vaguely notable that the the one that Adidas bought is a BLUFOR. So it could be someone or some thing, just feeling like for branding purposes that could it could be smart to have a bunch of those. It's also a relatively rare for that doesn't really get treated like it's a rare for you. Um, so people could just think that there's pricing inefficiencies in it.

Roy:

Yeah, I'm looking at the transactions. Now. There were eight or nine sales. It looks like there were two different wallets. So it's strange for flocert to happen in that manner.

Jamie:

Because it was it was a total of over like a little over$2 million worth of them. And it happened quite quickly.

Roy:

Yeah, it definitely seemed.

Jamie:

How many wallets is it? Does it look like eight different wallets? Yeah, looking at what it does look like? They're all unique. Every single one is a new one. That's interesting. And what was the timeframe between the first purchase and the last one?

Roy:

So they all happened 12 hours ago, except one, which was 13 hours ago. So it's like, that seems like related, right? Yeah. Either. It was one person that just used a bunch of wallets or like a group orchestrated it and said, Hey, let's just all buy blue at first at the same time. Yeah, yeah. Must be a coincidence.

Jamie:

Right? I wonder if I would guess maybe it's an individual that is sort of thinking similar to the ens token drop, and thinking that somehow it could potentially be more valuable to have them in multiple wall. Oh, yeah, that makes sense. But I guess we don't really know. You can also, I'm sure, look into the ether scans of those wallets and see where they were funded and stuff like that. Yeah, to get a better idea if they're connected or not.

Roy:

Well, I'm actually just clicked on one of the links and like, immediately after went into the wallet or left, I went to another Wallet. So yeah, there's just something going on for sure. It someone or some people decided they wanted all the blue eight. Blue for apes. And yeah, yeah, well, I think we saw the ratio between the eighth floor and the punk for the lowest it's ever been as well yesterday today. It was like yeah, 51 or 52 for apes and 60 for the punks. I

Jamie:

think it was like 85% or something. Yeah, even a little higher than that. Which is so fucking close. It's crazy. It's

Roy:

so close. It's it's just so insane. Yeah, it

Jamie:

would be nice if it was more from apes really ascending rather. Yeah. This this had been a lot of people pointed that out. Yeah. But I guess it's hard to value and FTS based on like real world things because that that is already so crazy and left the building. So it sort of does just make more sense to value them on a relative basis because Because the comparison to regular stuff is so wild already.

Roy:

Yeah. You ever, like sit back and think just really think about how insane it is that we're paying or valuing JPEG 1000s of dollars. Yeah,

Jamie:

it's very crazy.

Roy:

It is an it's a, you think about it too much. And you're like, I want to sell everything. But yeah, then you think about, and you're like, No,

Jamie:

I always want to sell everything, but I never want to sell at the floor. Yeah, it's like, if anybody wanted to offer me 40% above the floor, I'd be happy to sell almost anything. But I refuse to undercut floors. For the most part,

Roy:

I never want to sell anything. Which is it's, it's a problem or a trait that works out excellently in bull runs, and terribly.

Jamie:

Yeah, you know, it's funny, for the longest time, we would talk about how every NFT sale we made ended up being something we regretted in the future, as prices just kept going up and up and up. And now we're finally somewhere, you know, far enough into a bear ish market, that we have so many regrets on the other side, where we go, Wow, it really would have been nice to have sold, then I could have sold so much more. And not even necessarily to have asset or to have Fiat, but just if you had sold some of the artblocks, or like blipmap type stuff that has really fallen a lot. Those are just two examples I'm familiar with. But there's lots of stuff that I'm less familiar with, like on one force, etc. But anyway, if you had sold any of that stuff near the peak, you could just you could report back in now and have four times five times 10 times as many NFT's from the exact same collection for the price. You could have sold that earlier. Yeah, it's it is pretty impossible to do all that though, right? Nobody's gonna buy the bottoms and sell the tops over and over again.

Roy:

Yeah, I mean, I don't really regret any of it like not selling. It's just like, yeah, I really, for the most part, all these things I'm happy to hold for years. And you know, if they all crashed zero, well, then it was a fun ride.

Jamie:

Yeah, there, you can be happy holding things for years, though, and still realize that if price appreciation is happening quicker than value appreciation, it makes sense to sell on a temporary basis, at the very least. And that's sort of where some of us maybe fumbled a little bit is in not doing enough of that. Yeah, I feel like I did pretty well, though. For instance, like I had, I had minted the two blit maps, we're getting off topic pretty badly. But I mentioned the two blip maps, and I still have them. And when, when they were ascending, I bought a third one at four and managed to flip it for 17 and a half. So that worked out great. And I'm way ahead there. And in artblocks, which was sort of my biggest bag. And now I guess it's probably behind my eight bag. But I managed to sell like, basically just one to two things at the peak, probably one really. And then I as it was kind of dipping and fragments, were reinvigorating the artbox market temporarily, I managed to sell some of those really near the peak. But if I could go back in time, it would have been nice to sell like another two or three of my pieces there. And lock in some of those games that seem so far away at this point. But but for the most part, I feel like I navigated it all pretty well, in terms of balancing between selling too early and selling too late.

Roy:

Yeah, I think I feel the same. Like I obviously could have sold more and done better. But I did sell quite a significant amount during that massive run up specifically I was listing a lot like I had like three 400 artblocks factory pieces, and those prices. Were just going oh yeah, saying, like, I identified and realize that, you know, long term, I have so much more conviction in envelopes curated. So I was selling a factory and in a couple of cases. I

Jamie:

was like point four or something. It was getting crazy. It was

Roy:

insane. Like, and like individual floors were like 587 Eighth 28th In some case. 200 eth. I think for the pals. Yeah, yeah. Which I that that one I do regret not trying to sell it at 100 Plus eth. Yeah, that'll be nice. Yeah, you know,

Jamie:

I still don't matter that much.

Roy:

10 Nope. 2% of the entire supply. I have two of them. There's 100 of them. And

Jamie:

what's the for now? I don't know. Oh my god. This This sounds like the artblock section. We should. We should wait. Do we have anything else to say about apes?

Roy:

No, let's move on.

Jamie:

Alright, okay. Bori. Our blah blah. Next, slash generative art. In general,

Roy:

your vortex Did you partake in this the most recent curated drug vortex by Jen Stark?

Jamie:

I did not.

Roy:

I also did not. I had plans to cuz I do think they look cool and funky but they do. Yeah, I guess I don't even know I'm so bad at being on top of drops and you know, I'm usually having other things to do and it's it's a shame I don't even know what it means it out to you

Jamie:

I do not know that let me see if I can scrounge up some information about it quickly though.

Roy:

Yeah, the floor is currently sitting at point six. If I had to guess I would say minted out around point seven five is probably my guess. Because lately up looks tends to drop for most collections. And there's a couple of that breakout like gazes. But yeah, it's a cool collection. It's a like a psychedelic animated traits. It's interactive. You can like it's a little

Jamie:

bit like what's the other one in spirals? Yeah, are almost a lot like it but there's definitely more of a three dimensional feel to it and more variety in the algorithm, I'd say.

Roy:

Yeah, I'm looking at one right now. It's very mesmerizing. It looks like you know,

Jamie:

he's gonna hypnotize himself.

Roy:

Yeah, it looks like

Jamie:

he's getting very upset. I'm gonna go to recently created which will get me the last one for text 999. And then I'm going to go to ether scan, and that'll tell us what it meant it out at?

Roy:

Bingo. Bingo. Bango. Vince.

Jamie:

This is confusing. Oh, it's like 50 I guess it must have been point seven five. Nail that and I guess 50% is going to a charity or something like that. Because, yeah, the point seven five gets distributed three ways. Point Oh, seven five to one thing and then point 3375 to two different things. Yeah. Yeah. point seven five. Yeah, I mean, it might actually be higher in US dollar terms than it means it out at though now because we're down to like, 3600 asset or whatever for Yeah, no. More. Yeah, we actually can find out.

Roy:

So buying another assamica I feel like every time we record a podcast, I buy a semi. That's

Jamie:

when you've got to be like the biggest holder of those.

Roy:

I am I am I checked. I'm 11. All the gas is crazy expensive right now. So I might not be buying this one. Oh,

Jamie:

we're getting off top. gear box. Do you know what that is? It was causing gas to go there

Roy:

today. I didn't know. It is. Yeah. I don't know what it is.

Jamie:

I'm rapture also dropped, which is pretty relevant and big.

Roy:

That's exciting. Yeah. Don't explain what that is.

Jamie:

Rapture is the third artblocks dropped by Dimitri tourney. AK, who's famous for ringers, but also has a very high end, playground drop called what is it called the eternal pump? And I don't know, all of the specifics, but the Raptor drop was available to everybody that had an eternal pump. And is that it? Or was there some other way to get in and on it?

Roy:

That was it, I think so if you had a pump you I think he got one for free. I'm reading it now.

Jamie:

If he has an interesting mechanic with it, though, so I think there's 50 of them total. And they're the supply is going to increase if anyone lists them, or sells them. Between now and the end of next year, I think he's going to open it up to for another like 600 minutes or something. So it's kind of an interesting game theory thing to see if you know all these, as he called them degenerates that are holding it, you can resist the urge to sell or trade them and just kind of hold it and appreciate it for the art. And if they cannot do that, then the supply will get kind of flooded.

Roy:

Yeah, so there's 50 At the moment, and it will go up to 666 because of the rupture theme. If Yeah, if you transfer it, you sell it, you trade it, you list it for sale, anything like that. It's I guess, yeah, that is enough. That will cause Dimitri to say alright, you know, the rules are broken or like the thing is triggered we're gonna open it up and I think the rest will meet

Jamie:

someone should create a doubt to bribe someone to list a restaurant.

Roy:

I mean, they do look really cool. Like I like it's sort

Jamie:

of like if you took the outline of ringers and then kind of pulled it out into a third dimension. He's sort of doing a lot of stuff with that sort of shape?

Roy:

Yeah. I mean, it's got excellent diversity for, you know, there's only 50 of them. And it does. Yeah, yeah, it's,

Jamie:

and the shape is sort of the only thing that connects some of them. Because there really is such crazy diversity, that in terms of like color schemes, and sort of overall composition, and how that's all made is very different, but they just sort of have this consistent internal shape as a building block to build off.

Roy:

Yeah, I mean, you could definitely get, you know, get to side by side. And I guess, to the untrained eye, quote, unquote, you wouldn't be able to tell that they're from the same collection, or the same algorithm created them, but when you looked at it, but then

Jamie:

if you if you did it with like, eight of them? Yeah, we're like as diverse you would they would then be able to pick up on that similarity.

Roy:

Yeah. Yeah. What a cool collection, and I selfishly hope that one of them sells trades. We know someone who has got no plans off. But yeah,

Jamie:

I Yes. I assume he's not gonna want it to become less scarce. So I assume he'll just hold?

Roy:

I think so too. And that's probably the case for most of them. But I mean, I could also see one of them. I mean, yeah, all it takes is one, I mean, either you're an anarchist, or you just want to see more apples from the algorithm. And, you know, that um,

Jamie:

so we we also wanted to talk about something not specifically artblocks, but almost the art blocks of tasers, as some people would call it called FX hash.

Roy:

Yeah, this is, it is basically like that, except there's no curation. So not artblocks, you know, you have to apply to have your work release there on basically any generative art platform on a theorem that that's a platform and Gen dot art, genetic chain, doodle labs, you have to at least, you know, they don't just let anyone release their work on FX hash, I believe, literally, anyone can just go up and upload some code generator and have it

Jamie:

no, say have anything to check. If the code is like malicious like that. It actually just creates art. I don't know how that.

Roy:

I don't know how that looks either. I assume.

Jamie:

I don't even know how tezos blocks to know. Like, what vectors would exist for such a thing? Yeah. Cuz I'm so new to it.

Roy:

Yeah, um, I'm not sure like the logistics, they have like an about page, which I haven't read. I presume that you have to upload certain types of code. And there's some amount of like, maybe a curation say if it's allowed or not allowed, but like protection, or like just checking to say, Oh, this is generative art code.

Jamie:

Yeah. And this is code that just creates art. Yeah. And if these

Roy:

Yeah, the one that's I mean, I imagine that they're not checking whether art is stolen, or copy pasted from somewhere else or not? Because that that takes time and effort and curation.

Jamie:

Sort of impossible. If you're talking about code versus output. Yeah, those are sort of different things. You can't do a reverse image search of code. I don't find probably

Roy:

not. Yeah. But it's basically like, I think that within 20 days, they had already exceeded the number of artblocks, total pieces that opolis had created in the year. And I think there's something like 4000 collections. That much like crazy order of magnitude lower. They might be like 25,000 collections. I want to say like 4000 clearly neither of us are like, experts on it. I only really started collecting on there a couple of days ago. And you you about the same right? Yes. You minted some right.

Jamie:

I mentioned some I mostly minted and then I bought two today off of the secondary market. But yeah, mostly my plan is to just find stuff that looks nice and mint it though basically, the attractive thing about it is that the prices are just tiny, like microscopically tiny compared to what we're used to on our blog. So you go there you can find a collection that's minting most of them it seems from what I was seeing are the cost is basically somewhere between point eight Tez and like five Tez and it says is like $4 so that's basically what $3 To$20 to get your own piece now just literally less than gas for Yeah, it's crazy. Yeah, I'm the site does seem like maybe it was designed and built with like having 50 users in mind because it takes forever practically for the metadata to get uploaded. So basically, you'll mint a token, and then for like two and a half days Later, the token will basically just be like, a text file that says, like waiting for. Yeah, or something like that. Which is takes away a ton of the magic of minting. Yeah, so it's sort of a trade off, but boy, those prices are tiny. They really

Roy:

are. And I think that they sort of they meant in Windows, so like a timeliness. So it's not just open for minting 24/7. They're like, our each day will open minting for like, I don't know, six. I've never been to six hours, 12 hours, three hours. And they they

Jamie:

only bought stuff on the secondary. You haven't been paid anything there yet.

Roy:

Yeah, I see. I don't think I've ever been on the site when minting is open. It's Wow. Yeah, it's I

Jamie:

might actually just got lucky with when I happened to stumble upon it the other day, although I think minting has been down more lately as they're trying to work on scaling with all the new traffic. Yeah, used to be open more.

Roy:

Yeah, I think that sounds about right. But yeah, I the price. And the just the selection is really, really cool. Just being able to scroll through find out that you like, and you can buy it for $5. And then on the high end, there is premium stuff that's going for 1000s and 1000s of US dollars worth even 10s of 1000s. Now at some point, in some cases, but it's it's really interesting experiment as well, because like, a lot of the complaints people had about our artblocks in the last few months, at least for the prices that the flooding the market and saturating the supply. I mean, here's FX hash, where there's just so much supply, that it's almost creating this effect, where people don't care what the overall supply is. And they focus specifically on individual artists and their collections, which is kind of a cool, you know, different way to look at, you know, supply and demand, you know, without artblocks, there's an element of say, I'm buying a, an artblocks NFT, I'm buying a piece of artblocks, curate, I'm buying an artblock factory piece. Whereas an FX hash, it's on buying a secret buy feels

Jamie:

more like a web through Wild West situation. Yeah,

Roy:

definitely.

Jamie:

You know what else I've sort of noticed, that seems like a difference is that artblocks, for the most part, you're getting things that are minting 500 to 1000 pieces that's pretty consistent across the collections, it's definitely not uniform, there's some more, there's some less, there's some that are a lot less, but it's pretty uniform, that those are kind of the numbers are going for, excuse me, whereas on FX hash, there's like a lot of projects that are doing only 10 pieces, or 25 pieces, or 50 pieces. And those, those smaller numbers seem more to be the norm to me, than the ones that have hundreds, although there is plenty of that as well. So it kind of, you know, we talked about the diversity of an algorithm and how you need to have that to sort of support a bigger collection. But in an interesting way, this is kind of allowing to have a diversity of algorithms in terms of having ones that don't have as much diversity, but it's okay, because the project is only going to mint out 25 pieces. And then, you know, sort of more traditional artblocks style diversity, for an algorithm for the collections that are having 200 or 500 pieces minted.

Roy:

Yeah. And I think a big part of that is that it sort of, with artblocks, if you're an artist, and you're going to release a collection, in some cases, like this is your one shot, you know, you can, it's not that easy to go to apple and say, hey, I want to release five collections, you know, five 100 piece collections in total, for 500 pieces, you say, Alright, you're you've been approved to go through the selection process, you can release an app looks, you know, there is definitely some element of hey, I want to capture as much value as possible with with my art sell as many pieces on the platform. Whereas with FX hash, it can it literally does just again, come back down largely to the odds that someone could say, Hey, I just created this algorithm. This is a test. I'm tinkering with this, I'm gonna put it out there for free and some right?

Jamie:

Because you can you have so much control over the size of the collection, and the prices are so low. I feel like there are a lot of people who are just kind of dabbling in generative art and learning and going well, you know, like, I'll sell this collection for like, literally$60 for the whole thing. You know what I mean? There, it's one and a half tears, and there's 10 pieces. So it's like, even if you don't, if you're going to release an art box collection, unless you don't really care about what you're delivering for the price. You have to really be putting out a product that you feel is premium, whereas on FX hash, it's much more experimental, sort of by design, or at least can be So so people that are much newer to it and aren't as confident and stuff can still release a project on there which is which is pretty cool I think.

Roy:

Yeah, no absolutely and yeah I mean collectors are so there's the FX hash discord of course it's a NFT community of course they have a discord. And in there there's a

Jamie:

Oh hold on, can we can we go over that again? It's hash discord. That's like a community on Discord of FX hash people. Interesting. Okay. Go on.

Roy:

Yes. Like NFT's. They do and they talk about them. Like specifically generative

Jamie:

art ones that you would find

Roy:

on the tasers blockchain. Interesting, um, and they have this, one of the channels is price discussion, I think, which is very similar to for those familiar with the Aplex discord, the Block Talk channel where basically people will talk about what collections they like, what they like, what audits they like sham mints. And then there's a bit of that hype and excitement, you know, as floors get eaten up as new collectors come in. And it's very reminiscent of artblocks circa, June, July, August, September, which, of course, you know, you have some concern because we saw what happened with prices, they ran up like meteoric Li and then came crashing down. I could see that happening again, with FX hash bot, it's just fun to be in an environment that is as buzzing and excited about generative art. I mean, block token artblocks is still a great community. I love it. And people are still very excited. But it's less. It's just less excitement. We're in a bear market and I love the bear market INNOPOLIS and being able to go and buy things on there that I like at reasonable prices as well and mint them but this is just a different generative art experience that that's really fun. For me at least.

Jamie:

Yeah, I mean, you talk about being concerned about the price run up or whatever. But the the starting point is so low. I mean, literally the other day, my first day on FX hash, I think I minted six or seven pieces, and it cost me $48 Or something total. So that's, that's just light years away from the damage people could have done to themselves, overextending themselves in the artblocks, bull market. Now, certainly, if you come over here to the secondary market, and you're looking at the high end FX hash projects, definitely easy for people to hurt themselves financially and get burned badly if the market pulls back. But in terms of just exploring the stuff that's open for minting or the or the projects that haven't run up yet, that's it's like almost literally not a concern here.

Roy:

Yeah, it it really like, if anything. It's presenting so much more opportunity for so many more. Just collectors and flippers and just people interested in this space to participate in, in what many of us with up looks and artists Absolutely. Like, like, again, there are people that are minting for one one tears, and then you know, the secondary market might very quickly run up to 20 3050 tears, which, you know, that's 30 50x on your investment. But on the flip side, that's only only 100 to$200 to buy a piece of art when you compare to Ethereum prices and upload price is relatively cheap. So you get collectors coming on over who are willing to pay 30 Tears 50 Tears for what they think is cool generative art, it's almost like they're paying a premium to the community to those who are there to mint and find the good projects and like, it's like, yeah, it's an interesting dynamic. People are rewarded for spending time minting things taking a risk minting things from new artists and then you know, if they turn out to be just projects liked by the community and great art and the outputs are nice. The The upside is very quick and significant to the tune of 10x 50x 100x quite quite quickly. And also, to get back on the topic of people getting burned, even on secondary at the high end. I think like the highest ever sale has been maybe like six or 7000 tears. So let's say maybe like 6/8 7/8 Worth, which is yes, it's significant. But like if that is the absolute highest sale the the average sales are so much lower that yeah, I feel like I don't know. It's just a really fun place. And I think there's tons of value and yeah,

Jamie:

I just it is interesting, since you've only done the secondary market, but it is such a bummer when you're minting stuff and you can't actually see it and it actually will go into the sort of the worry about the prices getting out of hand. We have been seeing a bit lately where a project will meant out. Not literally nobody can see the output of any of them yet. And, and the floor price will run up somewhat significantly, as people want to get into the project because like, you know, they saw the one Testament from the artist, but now we can't see anything. And you know, it meant it out for for 510 or whatever. And now people have bid up to 20 tabs or something.

Roy:

Yeah, I mean, more than that, I think I've seen some go up to like 100 200 says just before Well,

Jamie:

there's a million projects. So yeah, we could pick any set of numbers, and probably accurately describing one project. Yeah, sort of giving an example.

Roy:

Yeah, it's, um, yeah. Interesting market.

Jamie:

I was gonna also mention that, you know, if, if you are sort of concerned about pedigree or whatever, there are many projects, excuse me, on the platform that are done by artblocks, artists, so you know, there's already generative artists that you sort of know of and hat and now again, those ones are going to be in general, much more expensive than the completely new people's projects, but still probably a great deal cheaper than their most expensive artblocks projects. Yeah. But like Warren Bednar has some stuff here. Peter plasma, Michael Connelly. Che you woo. Probably some others. But those GE douche from Boulder? Yeah.

Roy:

Read Dan cat. Yeah, there's a lot, which is yeah, it's just great for all involved. Heavy, heavy, I don't pronounce it.

Jamie:

What did they anyone? Like, hyper hash or something?

Roy:

They did abstractions. And then they actually have an open factory project, which is recursion.

Jamie:

Oh, yeah. There's one of those. And yeah, awesome. They're stuck. Yeah, yeah, I like them.

Roy:

They look cool. But like, it's it hasn't been turned out. It's I mean, the lowest price on envelopes is point two, five eth. And then you could just go and buy something on even secondary on tasers, the sequence, which I really, really love. I think I collected a bunch between like 50 and 200, Tez, which is all like even at the high end, that's less than than 2.25 eth. And, you know, there were probably I think you could meet them for like five times or something I don't know, off the top of my head woman price was but yeah, I mean, it's really just for pizza, right?

Jamie:

It's a great incubator for generative artists.

Roy:

Yes. And for people, for collectors who might have been, you know, looking at all this awesome artblocks, art and action happening over the last over this year, wishing that he get in, but you know, they were priced out, then I think this just is an excellent place for beginners to just, you know, get their feet wet in collecting generative and like, yeah, just to create a collection to actually own generative art NFT's it's, you know, was somewhat prohibitive on on a theorem and I mean, still is and it is much, much, much less so on tasers.

Jamie:

You know, what this has me thinking about is the ways that we sort of display our NFT's online. I'm hoping that, you know, things like on cyber and gallery, so we'll be multi chain at some point because I would love to be able to, you know, add these to my existing galleries or the ones that I'm working on. And rather than having to go well, here's my Aetherium Gallery, and then here's my tasers gallery, rather just be here's, here's my crypto generative on chain art, you know, yeah,

Roy:

I think that they they will do that. It seems doable, for sure. So the other thing is that there's like a bit of a concern, at least in my mind that that just the tasers blockchain itself won't be relevant in three to five years.

Jamie:

There's definitely a confidence in premiumness to Aetherium base layer that I think is very valid and contributes to the generally higher prices of the NFT's there versus places like Solana or tezos. Or maybe even like ADA might have some now.

Roy:

It's I guess, it's a risk you take if you're buying it for the investment value, but I guess on to mitigate that. I do think that sort of worst case scenario, if if tasers does become relevant, there'll be a mechanism for people to bridge the NFT's from Tezos to Etherium. And you'll just still have your token on the Etherium chain now and Alright, so you know, Tezos who really cares where it came from? You own the art still.

Jamie:

And I mean, again, if you're minting it's literally like, this is such a hacky term but less than the price of a cup of coffee, or a bunch of these, you know, it's just it's it's leaps and bounds away from what most people that are used to Ethereum only once like we've had, we've talked about this before. But so many people going to their friends that are already into NFT is going have like $100. I want to get into NFT's What should I get? And it's just, it's been so difficult if you're looking at a theory of main net to have any reasonable advice, but now I feel like this is going to be definitely a place that I point people to.

Roy:

Yeah, I have just a real real time example, just 20 minutes ago, 15 minutes ago, on this podcast, we're talking about art books, I was looking at assamica on open See, there was 1.24 eith with a banana background, you know, banana color background, I wanted that because I've been looking at the background, I went to buy it, you know, on the on the podcast, and it popped up and gas was gonna be like, $200, because it's really high. And I was like, Ah, I guess I'm looking to get it now. I've literally been sitting here buying things on FX has for the last 10 minutes, just clicking through and buying things that are on my list. And yeah, I probably got 10 pieces, and I haven't even come close to the gas cost yet. That was gonna be it really is just a whole other world.

Jamie:

Now I would like to actively be buying on there right now. But I'm trying to be a more high quality podcast, and focus on that right now. But I guess you're just casually shopping while we try and record a podcast.

Roy:

Well, it's not like I'm browsing finding what I want to do. It's just like, there's no, I have a list of things like tabs or like, it's just like clicking the buttons to buy them. Because for some reason you can't like queue up a whole bunch of purchases on that's another one of the

Jamie:

complaints. Yeah, you can't make multiple of a project, right?

Roy:

I think he can, but just not maybe you have to wait till the first one is minted and then mint again. Or maybe you can't even month I have no idea how minting works. But for like buying on secondary, augmented. You can't just say, you can just click the Buy button on like 10 things and then go to your wallet and approve 10 things in a row. At least I'm not aware of how to do that. It's like by click by approve, wait, you know, 30 seconds for the confirmation and then go to the next and buy. Yeah, hi.

Jamie:

This has been artblocks maybe already. Is there anything else in generative art? artblocks and generative art in general? Roy,

Roy:

Jamie?

Jamie:

Roy.

Roy:

Jaime

Jamie:

Roy, Tell me about your one Ether challenge

Roy:

in my head. Now whenever I hear eth ether Eth

Jamie:

I just now he had no confidence when I said that.

Roy:

I hear mess and teeth. It's not Ethernet. It's just meth and teeth now. So my one teeth challenge

Jamie:

and you lose your teeth when you do math. That's kind of

Roy:

that's something Yep. Yeah, it's it's much the same as where it was last week. I haven't had a chance to do much. I actually just opened it up the wallet in on open sea to try and take another look at it. But open sea is being very sluggish and slow. We're in the midst of the

Jamie:

more like closed sea. Am I right? Haha.

Roy:

Yeah, we're in the midst of like the added s drop, which is causing all sorts of issues and

Jamie:

it rubs me the wrong way. When you say like that. You mean the correct way? Yeah, I guess.

Roy:

Um, yeah. So yeah, I really don't have that much to update, like the NFT worlds that I sort of sold for liquidity over the last couple of weeks, even though thinking they would still go up. But knowing that, hey, you know, I'd made a mistake of not selling for liquidity. They have continued to go up. I think the fall is like close to 1.5. Now, which you sold them at what? So 1.44 and 1.77. Yeah, missed a lot there. Yeah, would have been a nice win for the wallet. I still have like six or eight spread across other wallets. So I mean, obviously, I'm thrilled that the price is going up. But uh, yeah, it's, it's,

Jamie:

you're kind of getting closer to your goal, though, as the as the punk floor just falls.

Roy:

Maybe the punk flow gets like four eth. And I'll just be liquidate everything and yeah,

Jamie:

we'll no longer have to update the one eth challenge succeeded.

Roy:

I should have just bought a crypto funk like two weeks ago or a month ago and then

Jamie:

oh my god. What? Yeah, I don't I don't want to get into them right now. But no, I only vaguely follow them but the price just keeps going up. It seems like it does seem like it I also Oh my god. Actually now I do want to get into them. Did you see the profit that these fi and that douchey 0x. Poly guy made? I think it's 0x Poly?

Roy:

I heard something about insane. Which fall behind in the next

Jamie:

year. Yeah, and but it's it's an even money back. Do you know how much they bet $50,000 Cheese That's I mean, that's got to be 48 and a half $1,000 A VV at least for DTS, right. Like, that is insane.

Roy:

That is insane. I don't. I mean, like, I guess if the other guy has a sufficiently large funks bag, just like the the publicity and all that, but But isn't

Jamie:

the publicity Wow, look how delusional it is like, that seems like not even I mean, I guess the public

Roy:

publicity is no such thing. Yeah.

Jamie:

That only makes me think that they're more delusional and and stupid than I already did. Which was not necessarily that much, but boy Oh, boy. That is. That is a lot.

Roy:

Yeah, it is. It's, yeah, they they're gonna get some sort of lawsuit.

Jamie:

It is funny though. Like if you if you step back, like three steps to people that just totally don't care about NFT's at all. To the arrogance with which like, well, obviously the right face is going to be worth more. Yeah, it'd be ridiculous.

Roy:

Yeah, it's gonna be$100,000 for the left facing one and maybe only $20,000 for the right facing one.

Jamie:

Yeah. Do you want to keep talking about though? Just joking. Not really.

Roy:

I think, okay, great. Well, actually, no, I just want to challenge the challenge. I, I minted I'm like 90% sure of this. I can't be positive because I can't open the frickin wallet right now. But I believe I mean,

Jamie:

can you know about ether scan dummy?

Roy:

Ha dummy. When I just want

Jamie:

to use things like open see is the Ethereum blockchain or something?

Roy:

Alright, let's see. I was gonna say I, I think I'm into three of the crypto carbons, and I'm checking ether scan, and I did min three. And they are they have been doing pretty well. Um, it's been 4.7. The flow went up to about point two ish each. I think it's now dipped to like point one, five. So still a 2x on the investment. I think if they do get back up to like the point 2.3 range, I'll look to sell one just again, Quiddity reasons. And all of that makes sense with real a wallet this size. But yeah, I'm very bullish on that project. I think we spoke about them a reasonable amount on the last on the q&a. q&a. Yeah. And yeah, that's, that's basically the extent of the update for the the one teeth challenge. What's going on with the AB drooped of the day?

Jamie:

I wish open to was working. And Jamie, yes, I have. But the problem is they're they're ERC 1155. And the biggest collection of that in the whole world. The open sea shared storefront contracts. So it's actually not that easy to look at them that way. But I finally got the iPad that I talked about, despite how much I hate Apple's App Store practices. Thank you for the round of applause. And I just started tinkering with it two nights ago to just kind of get vaguely familiar with it. So I watched some of a YouTube tutorial of some person who kind of knows how to use the app pretty well. And played around the amount of brushes in it is insane. And there's like custom brushes that people can create and then upload online that you can download as well. It's it's like an enormous, like power level change for me versus the app I was previously using. I actually when I when I first started looking at all the brushes I told you, I asked you Hey, do you remember in Dragon Ball, when Master Roshi made Crillon and Goku were these really heavy turtle shells for a long time? And you said yes. And then they, they had to, they got to take them off eventually. And then all of a sudden, they could jump 150 feet in the air or whatever, because they had this big weight off of them that they had been training with. And now that's kind of what I feel like, potentially, I could be doing now that I have this much, much more powerful app to draw on. So I'm super excited about that. But it's also like,

Roy:

well, let me just interject on that. Yeah. Because this is very much on point. When you said, when Dragonball Z wearing the turtle shells? That's not the reference. I generally think about I'm thinking of you remember when they went into that? Like 100 times gravity chamber and barbaric chamber? Yeah, that's sort of what I imagined like when you did,

Jamie:

mine was actually from Dragon Ball not Dragonball Z. It's when they were like kids or whatever. Yeah. And they like first meet masterwork. and train on his island and stuff. We're gonna go it off. But yeah, so he makes them were these really heavy turtle shells that they have to walk around and tend to the garden and and all this heavy. They take them off they could jump and run really fast anyway,

Roy:

when we getting Dragonball NFT's I would, I would love them.

Jamie:

Oh, that's a good question. A couple projects have done like the sort of orange gi look and stuff like that. I've also seen some like apes as ... and stuff, but anyway, I'm sure there will eventually that's only a matter of time, right? Yeah.

Roy:

So who is your favorite villain?

Jamie:

Um, that's a good question. You know what I actually like didn't really watch the show after the Frieza saga that much. Yeah, cuz I have like, read all about it and spoiled myself before any of it aired where when I got it was your favorite drawing?

Roy:

Ah, probably Frieza. I mean, that that was the one that I watched the most, I think because they just extended like, the battle on for weeks, maybe months. Because, you know, the TV show had caught up to the the comic or the manga manga. Yeah.

Jamie:

So well, it is true. Yeah. Watch her at a totally different time for me.

Roy:

Yeah. So So basically, what the creators of the show the animators, the writers, they were like, Let's just feel for like weeks on end. And it was just like a ton of them just facing off one another. Yeah,

Jamie:

there was a lot of like, experimenting and staring like, yeah, literally catching their breath for a minute and a half. Yeah. You know, what else was a thing for this is weird. But Crillon was always my favorite character. And he was like, even at the beginning of Dragonball Z, he's already very weak. And after like, he freezes tail, there's like never anything else for him to actually contribute in any of the battles. So it was sort of downhill for me from there. But anyway, the app is very powerful.

Roy:

Have you integrated and like uploaded any of your work from the app yet? I have not. Yeah.

Jamie:

And we're back. We are back, I assume that you are going to kind of jump in and ask me the question that you had asked.

Roy:

I was asking about if, with your your iPad, you know, being Apple's number one supporter and everything now, big fan of the company and the project and their app store and all their business practices. Have you created any artwork that you've minted as an NFT.

Jamie:

So I have not done that yet. I haven't even really come close to that, really, I just tried to

Roy:

notice you're not denying the pod. But

Jamie:

I did. I did it somewhat vigorously while but so the reason I actually like knew about the app and was convinced that it was, the best thing for me was my sister in law, who uses it to create her art. And she's been away at college, but just got back yesterday, and I'm going to hang out with her tomorrow. And kind of have her give me a more personalized version of like that YouTube I watched, that shows you how to how to use it. So I can kind of specifically ask for things that I've been curious about and not able to do with the other app. And once I have that done, then I'll really be hitting the ground running. But it is interesting, because I just I feel like as far as creating digitally, I've only ever really done it in that other app. And so my my whole frame of reference for like, my digital art style and what is possible and all that is so intertwined with it, it'll be it'll be interesting for me to see what kinds of things I start making initially. And then as time goes on, I'll start making when I'm when I'm using this other software. Very cool. I mean, one of the other things specifically is that there was a lot of stuff I wanted to do. I think I've mentioned this previously, where where I'm having non static images with a lot of flashing colors, or gradually adjusting colors, that was like, insane to try and do in the other one, because I basically just have to, like slide the heel over however many points I wanted to and save a new file over and over and over again, and then feed it into an animation thing. Whereas I can kind of do all that in in a couple relatively easy moves on this app. So I'm very excited to be able to also just expand beyond purely static stuff, which you know, is is as far as visual art is concerned, is always what I grew up on and gravitated towards. But I'm I'm more appreciating the concept of, you know, if you're not painting if you're if you're using these new tools, it makes sense to lean into that and actually be using them for things that you can't possibly do with the other earlier tools.

Roy:

Yeah, I'm excited to see what what you create in the coming weeks and months and compare, I guess comparing it to your earliest stuff and just seeing the the natural progression as an artist. It's exciting. Yeah,

Jamie:

I've already enjoyed doing that just looking at at how I've progressed and stuff throughout the existing stuff, but I do feel like there's a lot of untapped potential still that that not using Autodesk sketchbook is gonna allow me.

Roy:

Yeah. Where are you at on the tezos thing, like wanting to release your stuff on tasers? Is it still just what as soon as you're done with the 150 days, then you're going to,

Jamie:

I think my plan right now after the 150 are done, I'm going to probably just work on creating and learning and discovering for a while and then kind of reconvene afterwards because I'm, you know, a lot of the reason that I switched over to pretty much all the reason I switch over to Polygon, right. And then plan on switching to tezos was how out of hand the gas was getting. But it's gotten a lot more reasonable lately again. And if I'm also going to be transitioning away from trying to do it closer to once a day into something that's a little bit more spread out with a little bit higher effort and time commitment per piece, I would be more willing to charge a little bit more to where the gas is, is even less relevant. So I might be able to stay on Ethereum, I guess I'll just kind of have to wait and see. But you know, as we talked about earlier, I've started collecting on FX hash, and then having a lot of fun. So now I am getting into the swing of just being a collector on a tasers and quite enjoying it. But I haven't really used object that website, which is basically the new version of hen for not in the new version, but the thing that's taken over. So I think I'll have to familiarize myself with that a little bit more before I feel more confident in understanding the collector side of tasers.

Roy:

I read a interesting piece by Matt daicel. I'm sorry, I always butcher his last name. Or whatever. Yeah. The the artist who really subscribes to Meridian Yeah, on on Aetherium about tasers and how he had been enjoying releasing work there and exploring it not just as an artist, and he made he made this I think substack post or Medium post after hen

Jamie:

allowed her hand went down. Yeah, that was Yeah.

Roy:

Did you read that?

Jamie:

I kind of like, I think I either browse through it or like read Yeah, eats about it?

Roy:

Well, there was an interesting point where the creator of hen had, you know, in the the contracts, a royalty that went to his wallet of 2.5%. So even though all of this work has, you know, like object has emerged as this new marketplace. There's still this royalty going back to the founder of hen. And that's like, a point of contention, I guess. And I don't fully understand it. But I think, yeah, it might be a case where people want to migrate to a new contract, or just have this thing. So step. Yeah. I believe that a while after closing, when he he reduced his royalty from 2.5% to 1%. So I guess it's just whether or not the community determines it's still worth it to have him received 1% for creating this platform in the first place. But I got to imagine that eventually, people are like, enough is enough. We're gonna we're not using the platform anymore. Yeah, right. You know,

Jamie:

it seems it's not unreasonable for him to keep getting it for the ones that were already minted on it, I guess. But yeah, for people to meet new stuff on that contract. sounds insane. Yeah, yeah,

Roy:

for sure. Yeah. And

Jamie:

also, I saw that I had, sorry, the thing that I had sort of taken away from it was just how it's nice that in this decentralized world, when the when the guy who's running the site decides, hey, I don't want to run it anymore, that we can just put up a new version of it like immediately, and nobody loses their NFT's. Nobody loses their collections. Like it's all still there. It's just it's just a, you know, a user interface that we can copy, basically.

Roy:

Yeah, I mean, as long as the NFT's are on the blockchain. Yeah, we can just pick up and start again. We've seen that on Ethereum. We see that on on tasers now and we're gonna continue to see it. All right. Is there anything else you want to talk about with the one? Not the one? The one abstract of the Day Challenge?

Jamie:

No, no, I think we can move on and talk about Academy if you got anything to talk about there,

Roy:

I don't have a whole lot to report. It's sort of like business as usual. But I'm still loving it like it's it's such a every every day, every week, the community just seems to get better. Like we get new people joining. And we're doing a few more events like we've been running poker tournaments quite frequently every week at least. And then every now and then, so what

Jamie:

when was the drop? Again? How many weeks is the spinner thing for?

Roy:

That's a good question. If anyone should know, it's me, I want to five maybe

Jamie:

something like that a little less?

Roy:

Yeah, started November. Sure. Yeah, it's it's been about five to four to six weeks, five to six weeks. Yeah, I mean, it's, it's fun. We were organizing some more community events, we're probably gonna have a chess tournament, which is I'm excited about that. It's gonna be fun. Yeah.

Jamie:

I've been feeling very good in the mid game lately.

Roy:

Um, I'm very uneasy at the beginning of the game. And then as pieces removed from the board get removed from the board, that's when I start to get more comfortable. So early game is the worst mid game is like I'm okay. And then end game I think is is when I, I feel most comfortable. But anyway, but it does seem like there's a decent number of chess players in the community that would find that exciting. Someone's organizing like this cross community Call of Duty Warzone game, where like, each community gets together a team of eight, and then they they play against each other in this bracket. So yeah. Let me let me try pull up the

Jamie:

I remember the valley comedy podcasting scene, they had a bowling league for a while. So like the Comedy Bang, bang? Yeah. Bowl against the Nerdist. Team and all that.

Roy:

Yeah, no, that sounds fun. There's like the Kadri, King sapi, seals, mystery mint Squatch land lazy lions.

Jamie:

The Royal Society of players does poker tournaments that are just like this, where it's basically a tournament for the Royal Society community plus, like one or two other NFT communities get free invites to it. Yeah, wouldn't be surprised if you could get them to do one with Zen Academy as well. I mean, you're already doing poker tournament. So that would be a very natural crossover one.

Roy:

Yeah, definitely. I'd love to. I just love you know, collabing with other projects and communities and doing cool things. One, I don't know if I can say this. One potential cool thing that I'm doing with B. Yeah, let me say and then I guess we can get Brian to be put out from not but so we partnered with Aetherium towers, who are building this sort of vertical Metaverse where each floor is like owned by a different community. So we have the 50th floor. It's all Zen Academy apartments. And, you know, all the communities have varying floors. And I mean, it's not out yet. They've got the concept and they're going to be building the actual Metaverse next year. But sort of in the interim, they're talking about buying one of these NFT world tokens at Worlds, and then building like this, just as community Metaverse where they have these physical large towers, and have floors set out for communities. And yeah, we're trying to we're in talks to do something with Zen Academy and then to like, have like maybe a hold Zen Academy like just built. And that would be really, really cool. I think just to have some sort of, like we all talk about the metaverse, but it's not really it's still so abstract. And it's not like we're going to be running around in the sandbox in a few months, like the Alpha just got released, and it's gonna take a long time. And crypto voxels is a bit small and difficult to navigate for many. And yeah, it just seems like NFT worlds, because it's based on Minecraft, and it has this, you know, easy to use and build system. Also, these worlds are massive, like, mess.

Jamie:

Yeah. But when you said that are I maybe linked to their tweet about how one parcel is bigger than all of sandbox? That was crazy. Because I also remember seeing, like, almost the equivalent thing, four months ago or whatever, where there was a video showing how big one parcel in Sandbox was. And I was like, Holy shit, that's

Roy:

huge. Yeah, I think for me, and a lot of us like, our frame of reference for what a Metaverse plot look like was crypto voxels, which is like these tiny little, you can you can make like a small art gallery, you can run around like 12 steps in each direction and go up to like two floors or something. And that was it. And you could put a few pieces of art. And then if you wanted to do more, you'd have to buy more plots. And then so in Sandbox was selling plots, we were sort of anchored to thinking oh, okay, so maybe you can have like a shop, there'll be a storefront. And if you want to have a game you got to get like a you know, 12 by 12 plot or six by six massive area to actually build it out. But then they released some footage of how large a sandbox plot is. And you know, it's it's very large, you can run around and you know, there's like, it's, yeah, the depth is is even more than the width and the breadth so you can, you can do a lot with one plot like you could create entire game and have like hundreds of people in there. And then that they have like, I don't know, 100,000 150,000 200,000 Total plots for the sandbox, and then one of these 10,000 ft worlds is larger than all of that, which is, it's just mind boggling really?

Jamie:

Yeah, it seems quite intimidating to try and actually does Yeah, out that much space.

Roy:

It's also like, this is all like, digital, and it's like, someone could easily come across and come along and say, Hey, we're just gonna build, release a collection where each plot is, you know, the size of all of the NFT worlds as well. It's like, just create and it's

Jamie:

like, at that point. So the you're, you're basically making it not sort of valuable. Yeah. Not just because of the scarcity thing, but also like just in terms of having, like traffic and interactivity. Like it's just it's, it's too, there's not enough demand for that much space digitally right now.

Roy:

Yeah, definitely. I feel like we got off topic what we were talking about Zen Academy. Yeah, I'm enjoying it. It's great community. Come check us out. If you're not already in there. We'll post a link in the show notes.

Jamie:

Um, do you want to talk about this meta tournament? That's very off topic, but

Roy:

Metatron the Neo Tokyo thing i

Jamie:

i don't have a video. I don't know anything about it, but it seems like a big deal.

Roy:

It's gonna be a big deal. Like the whole the whole Neo Toka universe is yet another massive thing going on in the space that I think we're quite ignorant on like,

Jamie:

free and the floor is 50 or something ludicrous. Like yeah, so how that happened. I totally missed it.

Roy:

It was a Freeman. It had been hyped and like teased by Elio trades and Alex Becca who a two fairly huge YouTubers, like I think half a million to a million followers on Twitter and YouTube and, and that kind of stuff, which is enormous in the NFT space. And you know, they've been big into crypto and then NFT's and an NFT Gaming specifically, and so that they sort of created their own project. And in order to mint one of the, I think there was 2000, initial citizens or something. It was like they said, you know, you're going to have to do a lot of puzzle solving and busy work and grinding and like, follow your drone, these discords. And then like, a lot of cryptic clues, and you have to go to this website and solve a puzzle. And it's like, it was really like a treasure hunt. And it required a lot of work and dedication. And literally like people were tracking this for weeks and months. And what happened was, and it was like one minute per person and they figured out a way to make the distribution absurdly equal. And even so what happened was that the people that were as like, dedicated enough to spend the time during this we're not the whales, basically not the people who already had success in the space because it just wasn't necessarily worth the time and we didn't go yeah, it just wasn't worth the time doing it. But then all these new people who were like really excited about it got in and because of just the influence that these two guys have and the world that building this they're building a game and yeah, they've just been adding so much value to it that the floor price just instantly rocketed up, and then they like released a token land another wave of citizens in this universe and now there's like this tournament coming up is going to be live streamed on trailer looks so good. Yeah, it's um, yeah, it's huge testament to Elio and Alex for building this and you've

Jamie:

been on Eleos YouTube before I think, yeah, I've

Roy:

been on a few times and actually like before it was released like in the month or two that though teasing it people just started minting tons of these like Citadel citizen NFT's and sending them to my wallet just trying to you know, scam people I guess seeing that I had them and thinking that I had some sort of info inside info or whatever they were like a fake version of it. You're saying yeah, yeah. Fake before open see started like auto hiding all the all the jargons Yeah, yeah. Yeah, I mean, I don't know much about the tournament, but it's definitely a huge project that is probably going to continue being huge

Jamie:

to have like a twitch partnership to for the streaming of it. It looks like

Roy:

yeah, that's big. Yep. Yep. That's a Zen Academy. That's

Jamie:

that's ZenAcademy. Yeah. Plus, Dragonball Z. And yeah,

Roy:

you know, the one challenge and your abstract of the day.

Jamie:

That's, that wraps up the whole episode too, doesn't it? Right.

Roy:

Pretty much. Yeah. I mean, I couldn't I could go on and on about Zen Academy, but I don't think there's too much more to say.

Jamie:

That could go on and on. But there's not more to say that's interesting. Well, I

Roy:

could I mean, it but there's nothing like you know, super exciting, urgent, newsworthy, it's just like, oh, this cool thing happened. This cool thing. Oh, we had a guided meditation. For the last two weeks. I saw that Yeah, one of our MODS kit she, she is a professional in this space and she she runs like meditations in her real life job. And then so she's offered to run them once a week. And they've been awesome. And yeah, just just how long stuff like that. They go for about 25 to 30 minutes.

Jamie:

Maybe I'll maybe I'll tune in next time. I've been meaning to start meditating again.

Roy:

Yeah, I mean, me too. And this is it's just a really great way to get into it. Like guided meditation is so much easier than just sitting down and closing your eyes. Yeah. All right.

Jamie:

All right. This has been episode 21. Bye. Thanks for listening

Intro:

Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh Two Bored Apes, talking NFT's, De-fi, and some random stuff! uh uh uh uh